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Alternative Funding Methods

In: The Palgrave International Handbook of Basic Income

Author

Listed:
  • Julio Andrade

    (Business Ethics Network)

  • Geoff Crocker

    (Independent Researcher)

  • Stewart Lansley

    (University of Bristol)

Abstract

This chapter explores three different ways of funding a Basic Income. Lansley envisages funding Basic Incomes through a citizens’ wealth fund, financed by taxes on wealth, without the need to raise taxes on earned income. The fund could pay a citizen’s dividend, and then a Basic Income. Crocker proposes that governments should create money and pay it as a Basic Income in order to fill the gap between earned income and Gross Domestic Product (GDP). No additional inflation would result if the total amount of money did not exceed GDP. Andrade finds data to be joint creations of individuals, and he proposes that Basic Incomes should be financed by digital royalties charged on data generated by individuals and understood as an ambient intellectual property.

Suggested Citation

  • Julio Andrade & Geoff Crocker & Stewart Lansley, 2019. "Alternative Funding Methods," Exploring the Basic Income Guarantee, in: Malcolm Torry (ed.), The Palgrave International Handbook of Basic Income, chapter 0, pages 175-190, Palgrave Macmillan.
    • Handle: RePEc:pal:etbchp:978-3-030-23614-4_10
    DOI: 10.1007/978-3-030-23614-4_10
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    Cited by:

    1. Mumbunan, Sonny & Maitri, Ni Made Rahayu, 2022. "A Review of Basic Income for Nature and Climate," OSF Preprints bre43, Center for Open Science.

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